... Accounting Standards Committee (IASC), formed in 1973. The IASB’s mandate is to develop International Financial Reporting Standards (IFRS).2002: The IASB and the Financial Accounting Standards ... formed in 1973. The IASB’s mandate is to develop International Financial Reporting Standards (IFRS).2002 The IASB and the Financial Accounting Standards Board (FASB) issue the Norwalk Agreement, ... responsibilities from its predecessor body, the International Accounting Standards Committee. The IASB is responsible for International Financial Reporting Standards (IFRS). The Securities and Exchange...